SOLON, Ohio, Dec. 16, 2014 (GLOBE NEWSWIRE) -- Energy Focus, Inc. (Nasdaq:EFOI), a leader in LED lighting technologies, today announced that the Company has received a $5.9 million order for the United States Navy. This order is expected to be delivered throughout the first half of 2015.
As with the prior large orders announced on September 11th and October 7th, 2014, this $5.9 million order is entirely for Energy Focus' military Intellitube™ LED retrofit tubes. This industry's only true plug-and-play technology based on proprietary and patented circuit designs allows for direct fit into existing fluorescent sockets with or without the ballast in place. To date, the military Intellitube™ is installed on approximately 165 naval vessels in the U.S. Navy fleet. Upon delivery of this order in the first half of 2015, the U.S. Navy will have converted just over 12% of its fluorescent tubes with Intellitube™.
The proprietary design of the military Intellitube™ is the technological foundation for the additional patents the Company filed recently and announced earlier this month. The new patent-pending technology will provide both direct fit and direct wire functions for the Intellitube™ for the commercial markets. The Company expects to start selling the commercial Intellitube in the first quarter of 2015.
For more information on Energy Focus lighting solutions, please visit www.EnergyFocusInc.com.
Forward Looking Statements
Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Generally, these statements can be identified by the use of words such as "believes," "estimates," "anticipates," "expects," "seeks," "projects," "intends," "plans," "may," "will," "should," "could," "would" and similar expressions intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements include all matters that are not historical facts. By their nature, forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from Energy Focus' forward-looking statements. These risks and uncertainties include, but are not limited to: the timing of the shipment of orders in our backlog; the benefits and performance of our lighting products; our ability to utilize our technology to bring the commercial Intellitube™ to market in a timely manner and at an appropriate price point; our strategy with regard to protecting our proprietary technology and any challenges to our proprietary rights; our ability to market and gain customer acceptance of new products; relationships with, dependence upon, and the ability to obtain components from suppliers and our ability to outsource manufacturing; the growth in the markets into which Energy Focus sells; conditions of the lighting industry and the economy in general; our ability to maintain or improve our competitive position; our ability to finance our product development and marketing initiatives based on future operating results; our liquidity and ability to generate cash and cash reserves; our ability to manage growth in the demand for our products and in our sales efforts; relationships with customers and distributors; and trends in the price and performance of light-emitting diode ("LED") lighting products. For more information about potential factors that could affect the financial results of Energy Focus, please refer to the Company's SEC reports, including its Annual Reports on Form 10-K and its quarterly reports on Form 10-Q. These forward-looking statements speak only as of the date hereof. Energy Focus disclaims any intention or obligation to update or revise any forward-looking statements.
About Energy Focus, Inc.
Energy Focus, Inc. is a leading provider of energy efficient LED lighting products and a developer of energy efficient lighting technology. Our LED Lighting products provide energy savings, aesthetics, safety and maintenance cost benefits over conventional lighting. Our long-standing relationship with the U.S. Government continues to enable us to provide energy efficient LED lighting products to the U.S. Navy and the Military Sealift Command fleets. Customers include national, state and local U.S. government agencies as well as Fortune 500 companies and many other commercial and industrial clients. Company headquarters are located in Solon, Ohio with additional sales offices in Washington, D.C., New York and the United Kingdom. For more information, see our web site at www.energyfocusinc.com.